Industrial Park Rating System Report 2.0

Industrial Park Rating System Report 2.0

Part of: GS-Prelims and Mains GS-III: Economy

In News: 41 Industrial Parks have been assessed as “Leaders” in the Industrial Park Ratings System Report released by DPIIT. 

• 90 Industrial Parks have been rated as under Challenger category while 185 have been rated as under “Aspirers”. 
• These ratings are assigned on the basis of key existing parameters and infrastructure facilities etc. About 98% of these parks are from western (Maharashtra, Rajasthan and Gujarat) and northern (Uttarakhand) regions.
• With this system (GIS-enabled database), the investors can even remotely refer to this report to identify the suitable investable land area, as per the various parameters of infrastructure, connectivity, business support services and environment and safety standards and make informed investment decisions.
• The GIS-enabled IILB acts as a one-stop source of information on Industrial Infrastructure.

The IPRS pilot exercise was launched in 2018, with an objective of enhancing industrial infrastructure competitiveness and supporting policy development for enabling industrialization across the country as the Government pushes ahead a high-growth trajectory with an aim to scale the $5 trillion mark for the Indian economy by 2025.

News Source: PIB